Question

Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in interest on the account.

If no other money was deposited into or withdrawn from the account, how much was his initial deposit?

Answer 1

$293

Explanation:

because i took the test and got 100%.

Hope i helped.

Answer 2

i=prt,,14.65=0.025*2 p ,,p=293